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. no growth. >> of the freedom continuous on this >>> so will conservatives pick paul ryan to win straw poll today? we have to wait and see. we already know they are praising the new budget plan with a lot less spending in it than the president's budget plan. $4.6 trillion less over ten years. enough to balance the budget by 2023. some at forbes say it doesn't cut nearly enough. welcome to forbes on fox. let's look at the flipside with elizabeth mcdonald. john, rick, mike and mark. and john, democrats pick on the ryan plan and say it cuts too much. you say it doesn't cut nearly enough. that is the flipside. explain. >> a balanced budget is not smalgovernment. under the plan government spending will increase the next ten years when we get to a balanced budget in 2023. it will be $4.1 trillion. 3.4% annual increases in spending versus 5% under the democrats plan. rean thinks this is small government. he is playing bad politics because his base put him in there to it reduce the burden of government and this will greatly expand it. >> mark, john has a point. the ryan budget averages out to $4.1
if you look at what paul ryan does to balance the budget, it means that you have to voucherize medicare, you have to slash deeply into programs like medicaid. my goal is not to chase a balanced budget just for the sake of balance. >> jon: so president obama there appearing on abc telling george stephanopoulos that balancing the budget is not his goal and attacking congressman paul ryan for the budget that he proposed. so, jim, to you first. did the media ignore the president's contention that a balanced budget is not really in the realm for him? >> i don't think the media have ever thought of that as a particularly high goal for themselves and yet, as scott loopo, american conservative and matt miller "the washington post," both pointed out the problem the president's had on this sort of moderate budget course he's trying to strike, which is part tax increases and part this alleged spending cuts, nobody is really for that and too vague and also used the word gut g-u-t when it refers to medicare i think is the beginning of the 2014 mid term elections, where the democrats are going to com
said some really tough, harsh things about paul ryan's budget but you know what? things you say for your base and the things you do. and, right now, the president, he says what he needs to say for his base. the harsh things about the ryan budget. but he still talking to him while everybody on the base, mike, is, you know, sniping and not only at the president, but saying horrible things about paul ryan's budget and it's just -- you know, you really get a sense here, the last 48 hours has been a great, i think, window into the heart of american politics right now where you have the extremists who occupy the 5% on both sides and we see them on our twitter feeds and online and you see them on talk radio and cable news shows. then you've got the president and everybody else trying to move beyond those extremists and trying to get things done for the country. >> the interesting thing, at least to me, about the president of the united states and, kelly, perhaps you could share some insight into this more than i have certainly, is that he is now in a position where he can't win. if he
. on the other side of capitol hill on tuesday, house budget chairman paul ryan released a budget that he believes can get 218 republican votes, and that's it. >> the election didn't go our way. believe me, i know what that feels like. that means we surrender our principles? that means we stop believing in what we believe in? we need to put out our vision. we think we owe the country a balanced budget. >> remember, ryan's budget cuts $4.6 trillion in spending, including $2.7 trillion in health care cuts, produces no new tax revenue. but ryan also has acknowledged, this is not where the two parties are likely to end up. >> just ask a person who's watching this show, who's in business, do you start with your last offer first in a negotiation? no, of course not. we each pass our budgets, which is very important, because it creates a vehicle that we can go to conference with. so we actually have the budget process being a revived. then we start talking. then we start looking for common ground. i don't think patty's budget gives a lot of troroom for look for that common ground, but this is whe
. if that is the position and we are probably not going to be able to get a deal. lou: congressman paul ryan, the author of the republican budget calling the president'sur reach effort, if that's what it is, and fiscal wishes not terribly charming. the president also claiming dung that interview with abc that the white house did not order the controversial closure of white house tours. that is the statement that his own press secretary disputed just hours later. >> the secret service made the decision about its budget and to withdraw personnel from to worse . cancel the taurus. it is our job to cancel the taurus. they cannot cancel them. because this is not a tour of the secret service building but tour of the white house and grounds. we run the taurus and the invitations and process. so the white house, as we said, canceled the taurus. lou: the white house canceled the taurus. meanwhile, the president not only disputing the existenceeof a debt crisis, president obama used to sequester gusty -- sequester cutso claim his administration has already made enough cuts to get the deficit under control, the ve
republicans. when you have speaker boehner, and paul ryan, saying, there is not an immediate debt crisis. what do you make of that? >> well, you know, i don't know, i think there is. i think it is a -- >> what is in it f them to say there isn't? >> you know, i can't get into their brain, i do not know what that is about. i do know $16.7 trillion debt, growing at the rate of the deficit every year, is a big problem. >> so they see, they say -- i want to stress it is a big problem, but not an immediate crisis, di does that take the urgency off of addressing it? >> no, it does not, what business, what investment and capital is looking for is they are looking for tre deccability -- predictabilitiy and stannability, which they see the movement going on in the debt itself, that offers neither. >> when you and the governors met with the president, a weeks ago, and you talk, i think you were knee deep in the whole sequestration debate. and president's warning that disaster is coming. >> that was the story. neil: and i thought to myself, governor, i mean, holy cow. however onurus the cuts would be, the
why they are treating paul ryan like he is a big pain in the ass, he is not, maybe the asses judging help are, but he is not, talk about a party punch in the one corner, paul ryan with a plan to get a budget in balance through largely spending cuts and largely no tax hikes, in other corner democratic senator patty murray. a case of us likely losing, because the cuts really are not there we have rick yo joining m -- a little boxing reference, you have to know that. all right, so, what do you think elizabeth? leaving aside in controversial things that paul ryan wants to do. in the en, just trimming the increase, that is it? >> yeah, i think one of the big thing here's that people lose sight of is balancing the budget, patty murray supposed budget does not even balance, it is supposed to raise a trillion in revenue, that tells you, this is more of a shopping spree than a budget, people need to remember that a budget hopefully means you are only spending as much as you take in, not more. neil: scott martin, the markets seem to sense, maybe that despite all of the just erring -- gesturing
details on paul ry ryan's budget plan and how it could affect retiree's taxes, and all of that is ahead on "power lunch." fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from ch >>> all right. a story that wealthy retirees need to pay attention to. new details the on paul ryan's budget plan and how it could affect taxes. wealth editor robert frank joining us and he lz been dig into this, robert. >> yes, i have. and paul ryan would tax about everybody, including high earner s and retirees and according to the nonpartisan tax center, it would give the average american tax cut of $3,300 which is a 5% increase in after-tax income, and those making between $40,000 and $50,000 would get a tax cut of $670, and about 1.6% tax increase after tax income, and the big winners are the big earners of those making $1 million and more would see a tax cut of $408,000 which is a 19% more in
these days. they're going to go with it, they're going to make it work. and for paul ryan to be fighting that battle all over again -- after it was sort of was at the core of the 2012 election, some might argue it's what helped the president win re-election. they're going to argue that again? why? and the president will, will fight to defend medicare. he will fight to defend medicaid. because they're crucial to obama care. now james said i don't know why he's cutting medicare. there are going to be some strategic cuts around the borders. but the president is not going to give up on medicare and he's not going to give up on medicaid. and that was really what the 2012 election in terms of domestic policy was really all about. >> james, is this terrible strategy for the republican party in the long-term? >> i cannot believe that it's four and a half months after the election and they haven't sort of public strategic debate among each other and they're all sort of out there attacking each other. i've been around politics for a long time and a lot of people on this panel, i've been through a
, like john mccain , no matter the cost of personal privacy. then one up and no less than paul ryan he says he can balance the budget in ten years. rand paul says to my will to it in five. no program is too sacred that it cannot be sliced. no party chanted monday at the kennedy challenged. creating a grand old -- but no one yet as one bigger applause, which is why i predict demand by the way, you should probably read this and pencil. no one will garner more votes. a straw poll is actually just a snapshot in time. once he wins this one, i am telling you. he could be on his way. if this does not happen this whole thing did not happen. former florida republican congressman on whether he is going to be the gop man. what do you think? >> well, how are you doing? welcome to cpac, 48 anniversary. i think that you have a good assessment on what could happen with this straw poll. one of the main reasons why that could happen is because we are still within one week of senator rand paul doing the filibuster on the drug issues. it was a constitutionali issue. it talk to the civil liberties. he bro
actually stop it. the house republicans are passing the paul ryan plan, and so then they'll go to conference and that where the heavy lifting will begin. >> shepard: the paul ripe plan has zero chance. >> it will pass the house and then they'll try to iron it out between the two plans. the paul ryan plan on its own would not be signed by president obama, would not pass the senate, burt it will pass the house. >> shepard: mike, thank you. meantime, something about our economy does not add up. we all know that. the latest government numbers show consumers spending grew at a strong pace. that's great because consumer spending counts for 70% of the total economic activity. here's the weird part. we're not seeing the expected comparable rise in our paychecks. we're spending more but no making more, and we're not spending more on credit cards. in fact the expert said the payroll tax hike would slow spending. it did not. so what is this? and rick suggests that more americans are taking advantage of the underground economy, earning and spending cash off the books to avoid taxes or othe
, and while they said paul ryan's plan as extreme and tonight there are questions of the democrat's budget by patty murray and why are they saying they'll reduce 1.9 billion dollars declining to account for the spending. he confronted murray's staff yesterday. take a look. >> and we're looking at a situation, where you're double counting and not counting a trillion dollars in extra spending. you're not counting a trillion dollars in extra spending by saying we're going to just turn off the sequester which allows a trillion dollars more in spending to occur and not count it. that's what we want to know and we intend to find out before this day is over and my colleagues, if i'm wrong about this, i'll accept being in error, but our staff has looked at this. i can't possibly see how it's any other way than i have explained it. now, we've got other members who want to ask questions. >> yes, we do-- >> a trillion dollars, we're really showing how it is that our country is in such financial state. >> senator jeff sessions. here is what else we know about the murray budget. according to the budget
. democrats today theying that paul ryan's budget will do everything but bring a swarm of locust. anyway, bear in mind, it doesn't cut spending. it is just cutting the growth in spending, mercedes, we have david, on blame getting worse. mercedes. you know, this is always a political game, both sides trying to play to their advantage, but this makes getting this budget, some control, next to impossible? >> it does, you know, i want to add, salon.com had on web site ryan's plans kills thousands, they are taking to a step further, this is going to be difficult. that is why have you senator murray's plan way on the other side, there has to come a point where they bridge the differences, but i don't know if that is possible. if we don't sort of take care of the big elephant in the room, i don't see how we'll cut the spend, slow federal government growth, and really start hoping to have greater investment in our country as well as higher employment. neil: i think that means, that incumbent on democrats and republicans to go after their sacred cows. but when we present the extremes, you, i know a loo
a rerun of "the golden girls." we got rand paul. we got marco rubio. we got paul ryan. and the other guys, they got hillary and joe biden. >> yikes. that's senate minority leader mitch mcconnell yesterday poking fun at the democrats, leading contender for 2016. the come, as you might imagine, ruffled feathers, even in his own statement kentucky's democratic party chairman wants mcconn toll apologize. an into the political playground we go. talk about turning an awkward tv moment into a moneymaker, senator marco rubio's political action committee is selling water bottles with his name on them at cpac this weekend. as you can see, they are charging $25 a bottle. if you remember, rubio made that memorable lung for his water bottle in his middle of the state of union rebuttal last month. >>> and it sounds like a reality show but actually the white house kicking off a new audio series called "beinged ed "beie a listen. >> a couple guys in their hunting shirts i'm serving a meal to, along with folks you see in the background. >> the white house says the idea is for people to know the story beh
have a big pontiff. jorge bergoglio is now the next pope. paul ryan made news with an unveiling of his own. as house budge chairman, he proposed a budget for fiscal year 2014. in theory, lowering taxes and repealing the affordable health care act. it's the same paul ryan budget that paul ryan has been promoting for years. that frustration may have led him to dismiss patty murray's counter. he said if you read the senate bill you will find that the vatican is not the only place blowing smoke this week. >>> also making headlines with a more cordial attitude, president obama continued his charm offensive in hopes of reaching a deal and ending the sequester that is now in the sec week. we'll have to wait and see if the efforts reveal any sults. it's understandable if you missed this news item. on monday in chicago, as a young father changed the diaper of his 6-month-old baby girl on the seat of a mini van, a gunman opened fire. the young father, jonathan watkins was hit three times as he witnessed a bullet tear through the body of his daughter who later died. watkins was released from the
chairman paul ryan, well said. let me repeat this. house budget chairman, paul ryan, well said. >> this, to us, is something we're not going to give up on because we're not going to give up on destroying the health care system for the american people. >>> back to "hardball." if you had to rattle off a quick summary of the job of the supreme court, you'd go with it determines whether laws are constitutional, right? we turn to oklahoma republican congressman, jim bridenstein. he's not convinced thanks to a certain health care rule. >> the supreme court rules on something doesn't necessarily mean that that's constitutional. what that means is that that's what they decided on that particular day given the makeup of the court on that particular day. and the left in this country has done an extraordinary job of stacking the courts in their favor. i hear this all the time from republicans. you know, they say that the court is the arbitrator, and after the arbitration is done, that's the rules that we have to live under then we can go forth and make legislation given those rules. that's not the
-- understated, obviously. neil: go ahead. >> well, there's a couple things. even under paul ryan's budget, which he just came out with, i guess today, spending there increases 3 #-4% a year. spending's not cut or raibed in. the other point is we want to shift money from the private -ector to the public sector, and, yet, the boom years, under both reagan and clinton saw them reduce government spending as a percentage of the gdp. it was only george bush that things ramped up and things flat lined as they have since obama's been in office. neil: peter, what's to stop nip in the white house from looking at the markets, looking at the improvin economic status, not across the board, but enough of the board to feel we run the spending board, keep doing what we are doing because, obviously, it's working. look at those markets. what do you think? >> what's going to stop them is voters, for one thing, and house republicans fornother who basically said they're not in the mood for any kind of tax hikes right now, and, you know, patty murray's budget raises about a trillion dollars, and all else being equal,
at another high-profile republican. this morning paul ryan gave the republican weekly address and pushed his budget proposal explaining why he is so focused on balancing the budget. >> the budget is a means to an end. we are not balancing the budget as an accounting exercise. we're not trying to simply make numbers add up. we're trying to improve people's lives. >> so, andy, if paul ryan connecting a balanced budget to improving people's lives, do you think the gop senses it needs to do a better job of explaining why balancing the budget should matter to people? >> paul ryan obviously understand that point. he realizes as we just heard that connecting the budget, this is an issue that maybe the republican party can use to reach out to hispanic voters, to reach out to women voters, to reach out to those blocs that the party has had so much trouble with. the problem is the product paul ryan is offering is absolutely no different from the product that has been so unpopular in the past. so maybe they can put new wrapping on the report or a new message behind it. the nuts and bolts of it are real
completely agree. if you look at the proposals from paul ryan and the senate democrats, where do you think there is room for compromise? >> i have looked through both of these budget. i spent most of yesterday going through paul ryan's budget. it is almost like republicans are from venus and democrats are from mars. they are totally talking past each other. the documents could not be more philosophically at odds. they could reach a compromise, but they are still really far apart right now. dagen: certainly infrastructure spending. >> $100 billion stimulus plan when we are supposed to be talking about reducing the deficit. >> you start to hear talks from both sides about tax breaks. if that could turn into tax reform, that would be great for everybody. >> i cannot wait for that day. let's go back to the principle of tax reform. get rid of the loopholes. lower the rates, do not raise them. again, they are talking past each other. dagen: keep watching the smoke stack, steve. steve moore, thank you very much. from the "wall street journal." connell: president obama calling in a number of ceos
, meeting with the president on the budget issues, as they try to hammer something out, the day after paul ryan came out with his budget blueprint. so we may hear from him as well, in addition finding out who the new pope is. >> let's go back to our market discussion. larry, you heard what ed just said. it sounds like you disagree with that. you think there's some value in this market. >> absolutely. i love the way larry put it. the passover rally. but one of the things that larry said is spot-on. in terms of technical evaluation, we're probably getting up against a resistance level, where we might not see us break through that, so we could start to see the market come back down a little bit in the short run. but you said, not a lot of value. baa that is exactly the point. there is a lot of value in this market. i actually think stocks are very inexpensive relative to expected earnings. when you look at stock prices, you look at it from a fundamental evaluation or a technical evaluation. fundamentally, stocks are cheap interest rates are low, and there's no reason for this market to pull b
criticism of his colleague congressman paul ryan, the budget proposal and balance in a decade hinges on the repeal of obamacare. >> we believe that the law will collapse under its own weight and people will be eager as the details unfold. point two, the same point could be made for the senate budget, dead on arrival in the house, a trillion dollar tax increase with even more spending. >> reporter: ryan is of course the top republican on the house budget committee. the top democrat, democrat chris van holland made the case against the ryan budget proposal paying particular attention to the theoretical repeal of obamacare. >> their budget is built on a hoax. on one hand they say they will be in ten years, and on the other hand repeal obamacare, if you repealed it today the budget would not be balance. >> and part of the so-called charm offensive, congressman ryan says if anything big is going to get done that charm offensive needs to be sin veer and last until summer. harris. >> harris: a long time to charm. peter doocy, thanks very much. good to see you. as we told you earlier, senat
conservatives they need to eliminate the education department, always good with this crowd. paul ryan wants to balance the budget in ten years. rand paul says let's balance the budget in five years. what we heard there was him saying that the party needed to be very different and he made an explicit appeal to the facebook generation. also something very different from the last couple of republican nominees. mitt romney and john mccain. on the topic of personal liberty, also a shocking story that is electrifying the political world this morning, senator rob portman of ohio announced in his home state papers this morning that he is giving up his opposition to gay marriages. this is right ahead of the supreme court oral arguments on march 26th and 27th. in the columbus dispatch today senator portman says his son came to him in 2011 and said he was gay. wasn't something he chose but he wanted his parents to know that. senator portman said he had always been against gay marriage because of his faith and tradition but this caused him to rethink it and he is proud of will and the way he handled it
and the party of old. >> bret: we also heard from paul ryan today. take a listen. >> we don't hide behind our beliefs. we argue for them. a budget is a list of numbers. expression of thegones philosophy. our budget draws a sharp contrast with the left. it says to the people unmistakable terms, they are the party of shared hardship. we are the party of equal opportunity. >> bret: charles? >> i think it shows how strong a bench we have and how good the prospects are in the future. i'm less cynical than my compadres here. i thought romney gave gracious speech. the heartening element is the way a young crowd, quite conservative crowd cheered and greeted him with equal grace. which was nice. usually you pick a loser to -- kek loser to the curb in politics. that was the opposite. >> bret: portman announcement, john, significant? >> it's significant. i'm sympathetic to the position on this. the politics are problematic because the idea he only changes the position when it affected him with his own son. that will have repercussions. >> bret: chuck, north korea, beefing um securit up security,e defens
last year's presidential campaign republican vice presidential candidate paul ryan claimed he thought social security was a very important program. his policies didn't support that necessarily. that's what he said. because he explained when his father died tragically when he was a teenager his mom was able to keep the family afloat thanks to social security survivor benefits. new jersey republican chris christie was no federal government tax and spend liberal but when hurricane sandy devastated his and other states he became one of the most vocal advocate for the government to spend billions of dollars immediately to help out his and other states. for his republican governor rick scott, who spent years and millions of dollars of his own money fighting obama care tooth and nail now says he supports that law's expansion of medicaid in his state. the governor said his change of heart came when his own elderly mother died last year. empathy, especially in elected officials, is a good thing. but there is also something frustratingly blinkered and limited about this form of persuasion. if i
was in a different position. you got to have a wisconsin mini primary, apparently, with paul ryan. walker notably would not pledge to serve a full second term. one more thing. all the 2016 speculation was not on the republican side this weekend. former white house adviser david plouffe weighed in on the presidential election at the 92nd street y. >> i'm not going to speak to what secretary of state clinton will or will not do. she is in both parties now. by far i think the most interesting candidate. probably the strongest candidate. >> there you go. his fellow delawarean probably doesn't like to hear that. but he probably knows that that's true. >>> finally, the inability to jump start the middle east peace process has been one of the president's bigger failures on foreign policy of the first term in office. though it's a failure that he didn't necessarily have a lot of control over. at the beginning of his first term, the president declared with great fanfare he wouldn't follow the lead of his predecessors presidents clinton and bush and wait until a second term to push for middle east peace. >
wasn't invited got 7%. paul ryan and scott walker finished fifth and sixth. we'll be right back. my mother made the best toffee in the world. it's delicious. so now we've turned her toffee into a business. my goal was to take an idea and make it happen. i'm janet long and i formed my toffee company through legalzoom. i never really thought i would make money doing what i love. [ robert ] we created legalzoom to help people start their business and launch their dreams. go to legalzoom.com today and make your business dream a reality. at legalzoom.com we put the law on your side. >>> welcome back to "hardball." former secretary of state hillary clinton ventured back into politics today when she announced her support for gay marriage in a video for the human rights campaign. let's watch. >> lgbt americans are our colleagues, our teachers, our soldiers, our friends, our loved ones. and they are full and equal citizens and deserve the rights of citizenship. that includes marriage. that's why i support marriage for lesbian and gay couples. i support it personally and as a matter of policy
the paul ryan thing with the big asterisk and say -- >> what do you think? >> that's exactly the way you have to approach this. we do need -- first off, this issue is about 5, 10, 15 years from now, stablelizing the debt at less than 15% gdp and the essence getting entitlements under control in the out years. as part of that, you have to have tax reform and significant tax reform. and actually, simpson/bowles, a commission i served on, laid out a way to do it, got the tax rates down on the personal side to 9, 15 and 23% and the corporate to 26%. and you need to bring the corporate rate down to 24, 25, 26% and need to go to a territorial system. but you can't do that independent of the individual system, because if you have a huge gap between the top individual rate, say today it's at 42.5%, and if you took the corporate 25%, everybody started -- >> because then you have small business. small business got screwed at the expense of big businesses in the last tax bill. so you're right. so i -- look, i say, you're going to have big problems if you try to have a big personal and corporate tog
of billionaires and millionaires? forget that a new study shows paul ryan's budget could cut millionaires' taxes by $200,000. and what a coincidence, eight of the ten largest individual donors of the 2012 election were republicans. and the american people must have it wrong, too. a new poll finds 68% believe republicans favor the wealthy. senator mcconnell, this could be a problem. he's heading to palm beach this week for a fundraiser, hosted by hillary and wilbur ross. guess what? wilbur ross, say it with me, is a billionaire. did senator mcconnell think all the republicans' funny money would hide the truth about who they're really working for? nice try. but we got you. all stations come over to mission a for a final go. this is for real this time. step seven point two one two. verify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative software on the planet... dragon is captured. is connecting today's leading companies to places beyond it. siemens. answers. yeah? then how'd i get this... [ voice of dennis ] ...safe driving bonus check? every
? >> well, first of all, luke, paul ryan has an important job to do which is to understand the numbers, understand where we're at with our debt and with our spending issues. look, we are not losing the issues on the math. we're not losing the issues on spending and debt and jobs and the economy. those are total winners for us. what we found in the election is while we're winning the arguments on spending and math, we're losing sort of this emotional cultural vote out there in presidential elections. and it didn't just happen overnight, luke. i mean the fact is our parties have a tough time over the last 24 years winning decisive presidential elections. and it's our job as a party to get to the bottom of why that is. and that's what we're trying to do. so, you know -- >> okay. let's talk about that emotional cultural vote. your predecessor said this this morning on "morning joe" about the issues you have in minority community. >> how does he reconcile his agreement with voter registration policies that many in the black community view as anti-black, racist? you can show up any time. it'
. the president emerged and said it was a good and useful conversation. congressman paul ryan president said he did himself good. some republicans said it was a set of talking points talking with another set of talking points. they have their version and comes to taxes and spending fundamental differences remain. >> president understands, yeah we have some long-term spending we need to deal with but he is going to hold hostage the fact he wants to raise taxes on the mile-per-hour people again. that is not going to get us very far. >> there are no sacred cows. we put everything we can on the table but we do it in a responsible way that preserves, protects and strengthens the program like medicare and medicaid that the american people strongly support. >> while we're talking budgets we got budget deficit news today. the united states spent $204 billion than it took in last month that is better than a year ago in february of 2012 saw a deficit of $232 billion. year-to-date. got a budget deficit of $494 billion since the fiscal year started october 1st. last time this year, this time last year, we
problem. >> so you agree with the president on that. >> yes. >> republican budget author congressman paul ryan was less generous however in his take. >> to borrow a phrase from my friender skin bowls, we are the healthiest horse in the glue factory. we know it's not happening now, but lit happen. >>> this week president obama will embark for the middle east making his first trip to israel since taking office four plus years ago. with me is peter alexander. the president is on the ground for how long over the next few days? >> reporter: he doesn't leave here until late tuesday and will be on the ground in israel for barely four hours. he's not bringing with him any senior advisors and a new peace plan in terms of a two-state solution between the palestinians and the israelis. this makes this trip more about optics than it is approximately ticks. president obama only the fifth u.s. president to go to the state of israel. among the first things he will do after he gets off a air force one, they will roll out one of those iron dome missile defense systems, heavily furnded by the u.s. in helpi
and house republicans managed to put forward two budgets frankly live up to the billing. paul ryan, who is, i think it is wonderful that he aspires to balance the budget in ten years but he does so on the back of the president's signature law, which is obamacare, and its repeal. that is $1.8 trillion of the 4.9 trillion that he would cut in spending over the next decade. the democrats say the hell with it. we're going to spend. the united states will be a debtor nation in perpetuity. we don't care whether the result, is in effect servitude for the entire american nation, for as long as the eye can imagine, let alone see. so they lived up to their billing. big government for the democrats. unlimited spending, unlimited debt. and republicans wanting to refight the great battle of obamacare again rather than deal pragmaticly and practically with the issues. dennis: so you think ryan should not have done that where he included in his budget obamacare. >> it's america. it's america, dennis. the i mean the chairman. budget committee can do whatever the heck he wants the problem is he will not ge
is trying to do that now, connell. reaching out to the public senators and paul ryan. we made a deal on the but with newt gingrich. the same thing needs to be done now. dagen: something really struck me. i do not mean to harp on it. the average american wakes up in the morning, you tell me how he feels or she feels that deficit with the daily impact. you kind of hurt that a little bit and what the president living in that abc news interview as well. is that a new track for the democrats. >> first, they went too far with the fears of armageddon. the democrats overplayed their hand. on the other hand, it is the case that the ordinary american is in having a better life in their parents. they are worried about reform plans. they are uncertain and they are nervous. dagen: $17 trillion debt, the average american is not having the impact on the lives. >> i am disagreeing. the democrats overplayed their hand with fear. we have tepid economic growth. we are not seeing the revitalization of the economy on main street. connell: regular people -- >> so-called great rotation into stocks from bon
the bathroom is legendary. the man can go on and on and on especially for a man of his age. >> paul ryan -- >> just noted it. that's all. >> there he is. >> he didn't think it was funny. i did actually mention that to him. >> there are 100 of them and we hold them with respect and the banking industry itself some did not -- they did a disservice because they didn't recognize that the guy is a senator and senators should be treated with a little more reverence. >> j.p. morgan down 2.8% and conditional approval for the stress test and that's something else to keep in mind today. let's check in with beob pis an owe what's moving. >> we have excellent movement, almost 100 million shares have changed hands and that's practically a full day's volume for the new york stock exchange. we'll get volume and we'll see what, if any, volatility we'll create here. have you noticed here financials? j.p. morgan is down. we've got a number of them that were sitting right near new highs, bank of america, wells fargo, regents and i'll tell you what was interesting about the bank capital return plans and som
is a full-day story. granted that's the house majority caucus and paul ryan is a -- vp candidate and keith ellison was not on the ticket. congressional caucus doesn't have the same power in the house that the tea party caucus has. they are in the minority. at the same time there are real actual costs in terms of what kind of budget we are actually going to get because the center of gravity is so far over towards the ryan budget and, in fact, when the ryan budget came out, i will shut up for a second the ryan budget came out there was sense in which it was oh, man, doubling down and ignoring the election results. he is not -- you know, still going to repeal the affordable care act. but from his perspective, doubling down and keeping things anchored there is probably a pretty successful strategy in terms of dragging over the kind of medium line we drew on the graph. sam? >> well, it is strange. i mean, because -- what strikes me, though, about this go-around, first off the real problem starts with this notion of deficit and debt hysteria which i think is -- something that goes across the pol
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